Ether Price – Page 19

Invesco Galaxy applies for spot Ether ETF

Investment firms Invesco and Galaxy Digital allegedly filed for a spot Ethereum ETF with the U.S. SEC on Sept. 29.

Energy use is down, and staking is up, but technical concerns still mark the road ahead for the second-largest cryptocurrency by market cap.

Technical analysts suggest that months of low volatility is often followed by a big price move.

Asset management firm Valkyrie filed for an Ether futures exchange-traded fund with the U.S. Securities and Exchange Commission on Aug. 16.

The ETH balance decline began in September 2022, dropping significantly in November and December after the downfall of FTX.

Ethereum Foundation’s previous big sale of ETH preceded a bear market, but there’s little evidence that such sales affect the general market trend.